1408 North AveRound Lake BeachIL60073
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Round Lake Beach at 1408 North Ave, Round Lake Beach, IL, 60073 uses $64,609 cash to close to unlock $2,197/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,535/mo, and a $954/mo payment keeps the spread at $183/mo. Purchase price stands at $194,900, and rental yield measures 9.45% with $1,535/mo rent. Return on cash invested shows 23.31% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 122.12% and total cumulative return in cash records $78,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,535/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1970
5,248 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60073, Round Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,160 (100%) |
| Owner Occupied HU | 14,941 (74.1%) |
| Renter Occupied HU | 4,561 (22.6%) |
| Vacant Housing Units | 658 ( 3.3%) |
| Median Home Value | $237,289 |
| Average Home Value | $263,973 |
Housing Distribution
Address Breakdown
Residential
19,696
Single Family
18,416
Multi-Family
1,280
Businesses
799
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Listed by: Pat Smarto, ABR,CNC,e-PRO,GRI,SFR,SRES • Lakes Realty Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12491826